Refinance > Tips on Refinancing Mortgages Even with Bad Credit

Tips on Refinancing Mortgages Even with Bad Credit

Costa Mesa, CA (ContentDesk) April 12, 2006 -- "Homeowners who want to refinance yet have FICO scores less than 640, don't have to face rejection after rejection from lenders," stated Keith Murphy, president of Costa Mesa, CA-based Statewide Funding, Inc.
"By learning about how the lending market works, homeowners can save themselves a lot of time and money."To help owners successfully refinance their homes, Murphy, a specialist in bad credit mortgage refinance lending since 1989, offered the following insider tips. Most banks won't even talk to homeowners with FICO scores under 640; lenders who specialize in approving loans for clients with FICO scores in the 500 to 550 range, typically only look at the existing loan to value (LTV) of a home before deciding whether or not to make a loan and in general, homeowners with FICO scores of 600 can refinance up to 95% of their homes' LTV. To discover more refinancing tips or to get three personalized Refinance Options for free, visit Statewide Funding, Inc. at www.bad-credit-mortgage-refinance.tv/ or call toll free, 800-839-2954.

An Equal Housing Opportunity lender, Statewide Funding, Inc. is licensed by the California Department of Real Estate, license number 01331483.
Certain restrictions apply to loans and loans are subject to credit approval and verification of equity..

California Refinance - Refinancing in California

The real estate market in California is booming. Home values continue to appreciate almost on a daily basis. Refinancing your home is an excellent way to take advantage of the low interest rates currently being offered by California lenders. The beautiful scenery and warm climate make California and ideal place for families and businesses alike. If you currently live in California and are considering refinancing your mortgage, there are both online lenders and traditional mortgage companies who can give you excellent rates and lower your monthly mortgage payments.

Refinancing your home basically replaces your existing mortgage with a new loan. You can choose either a variable or fixed interest rate and the length of your new loan can be up to 30 years. Varying terms and fast approvals make refinancing your California home a smart decision. Refinancing can give you extra money each month due to the potential decrease in your monthly mortgage payments. If you are paying a high rate...

California Refinance - Refinancing in California

Refinance > California Refinance - Refinancing in California

What the Bank Won?t Tell You About Mortgage Refinancing

So you have a mortgage, and you need to refinance to get your interest rates low. Most people simply walk into their bank, ask to refinance, and then end up paying more money long term than they would have otherwise. Some banks would like everyone who is refinancing to remain ignorant, but I am here to tell you what banks don't want you to know. Refinancing can be very beneficial, but one has to understand the terms of the deal, and be very careful when choosing a bank. One mistake many people make is going to the bank and deciding to refinance before actually looking at the home loan.

Some think that their interest rates are too high, and they have too many debts, so refinancing is the only option. Be sure to look at the numbers, and then go over those exact same numbers with your financial advisor. After discussing it, you can then decide to refinance. It is always a good idea, even after you go over the numbers, to ask your bank, "Do I need to refinance?" They cannot lie to...

What the Bank Won?t Tell You About Mortgage Refinancing

Refinance > What the Bank Won?t Tell You About Mortgage Refinancing